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Sideways Silver Market

Summary:
See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Fundamental Developments – Scarcity of Precious Metals Increases Slightly Not much price action at the metals tables in the casino. Gold -, and silver -%excerpt%.10. Gold to silver ratio unchanged. This will be a brief report, due to the rigors of travel this week. Gold and silver prices Read on for the only true picture of the fundamentals of the monetary metals. But first, here’s the graph of the metals’ prices.   Gold and silver prices(see more posts on gold price, silver price, )Gold and silver prices - Click to enlarge Gold-silver ratio Next, this is a graph of the gold price measured in silver, otherwise known as the gold to silver ratio. Gold: Silver Price Ratio(see more posts on gold silver ratio, )Gold-silver ratio - Click to enlarge For each metal, we will look at a graph of the basis and co-basis overlaid with the price of the dollar in terms of the respective metal. It will make it easier to provide brief commentary. The dollar will be represented in green, the basis in blue and co-basis in red. Gold basis and co-cobasis an the dollar price Here is the gold graph. Gold’s scarcity (i.e., the red line, co-basis) is up this week, though the price of the dollar (i.e.

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See the introduction and the video for the terms gold basis, co-basis, backwardation and contango.

Fundamental Developments – Scarcity of Precious Metals Increases Slightly

Not much price action at the metals tables in the casino. Gold -$7, and silver -$0.10. Gold to silver ratio unchanged.

This will be a brief report, due to the rigors of travel this week.

Sideways Silver Market

Gold and silver prices

Read on for the only true picture of the fundamentals of the monetary metals. But first, here’s the graph of the metals’ prices.

 

Gold and silver prices

(see more posts on gold price, silver price, )
Sideways Silver Market

Gold and silver prices - Click to enlarge

Gold-silver ratio

Next, this is a graph of the gold price measured in silver, otherwise known as the gold to silver ratio.

Gold: Silver Price Ratio

(see more posts on gold silver ratio, )
Sideways Silver Market

Gold-silver ratio - Click to enlarge

For each metal, we will look at a graph of the basis and co-basis overlaid with the price of the dollar in terms of the respective metal. It will make it easier to provide brief commentary. The dollar will be represented in green, the basis in blue and co-basis in red.

Gold basis and co-cobasis an the dollar price

Here is the gold graph.

Gold’s scarcity (i.e., the red line, co-basis) is up this week, though the price of the dollar (i.e. green line, the inverse of the price of gold) didn’t move much.

Gold basis and co-cobasis an the dollar price

(see more posts on gold basis, Gold co-basis, )
Sideways Silver Market

Gold basis and co-cobasis an the dollar price - Click to enlarge

Silver basis and co-basis and the dollar price

Now let’s look at silver.

The silver co-basis rose as well, but not as pronounced as in gold.

Silver basis and co-basis and the dollar price

(see more posts on silver basis, Silver co-basis, )
Sideways Silver Market

Silver basis and co-basis and the dollar price - Click to enlarge

Charts by: Monetary Metals

Keith Weiner
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals. He created DiamondWare, a technology company that he sold to Nortel Networks in 2008. He writes about money, credit and gold. In March 2015 he moved his column from Forbes to SNBCHF.com

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